Breaking News: Zepto Co-Founder Predicts 150% Growth in Fast-Growing Quick Commerce Market in India!
In a recent call with top analysts and investors, Zepto co-founder Aadit Palicha revealed that the Indian delivery startup is poised for a staggering 150% growth in the next 12 months. This astounding figure highlights the rapid expansion of the quick commerce market in India, showing no signs of slowing down.
During the call organized by an investment bank, representatives from prominent firms like Abu Dhabi Investment Authority, Temasek, GIC, and Invesco were in attendance. Zepto's annualized sales run rate has already exceeded $1.5 billion, with Palicha projecting sales to surpass $3.5 billion with the expected growth rate.
Competing with giants like Zomato's Blinkit and Swiggy Instamart, Zepto is at the forefront of the quick commerce revolution in India. Quick commerce is quickly gaining traction in the unorganized retail market, with Zepto, BlinkIt, Swiggy, and BigBasket's BB Now on track to surpass $6 billion in annual sales, dwarfing overall e-commerce sales in the country.
Quick commerce has been experiencing triple-digit growth in the past few years, outpacing traditional e-commerce. Analysts believe that quick commerce firms are taking market share from larger e-commerce players, signaling a shift in consumer behavior towards instant delivery services.
Investors are eyeing the potential for quick commerce to expand beyond major cities into tier 2 and 3 cities, where there is a significant untapped market. Zepto's recent $1 billion funding raise will fuel its aggressive expansion plans, solidifying its position in the market.
With a current valuation of $5 billion and recent funding rounds led by top investors, Zepto is poised to dominate the fast-growing quick commerce sector in India. The future looks bright for Zepto and the quick commerce market, with significant opportunities for growth and expansion on the horizon. Stay tuned for more updates on this exciting market trend!